Marico Limited has allotted 17,077 equity shares under its Employee Stock Option Plan 2016 (ESOP 2016) to eligible employees on February 24, 2026. The Securities Committee of the Board of Directors approved the allotment through a resolution passed on the same date, following the exercise of stock options by eligible grantees.

Share Capital Enhancement

The allotment resulted in an increase in the company's paid-up share capital, as detailed below:

Allotment Details Across Multiple Tranches

The 17,077 equity shares were issued across four separate tranches under the ESOP 2016 scheme:

Regulatory Compliance and Share Characteristics

The allotment was conducted in compliance with Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company clarified that this allotment is not material in nature. All newly issued equity shares carry the same rights and privileges as existing shares, ranking pari-passu with the company's current equity shares.

Administrative Details

The shares were issued in dematerialized form under ISIN number INE196A01026. No lock-in period applies to these shares, and no listing fees are payable for this allotment. The company has informed both BSE Limited and National Stock Exchange of India Limited about this development, where Marico's shares are listed.

Company Secretary and Compliance Officer Vinay M A signed the regulatory filings, confirming the completion of all necessary procedures for the share allotment under the established employee stock option framework.

Marico Limited has published the official transcript of its investor and analyst conference call held on February 13, 2026, following regulatory filing requirements. The company submitted the transcript to BSE Limited and National Stock Exchange of India Limited on February 18, 2026, providing comprehensive details of its digital transformation strategy and recent strategic acquisitions.

Regulatory Filing and Transparency

The company filed the transcript under Regulation 30, demonstrating its commitment to transparency with stakeholders. The document is available on the company's official website, ensuring broad accessibility for investors and analysts interested in understanding Marico's strategic direction.

Strategic Framework and Digital Transformation

During the conference call, MD & CEO Saugata Gupta outlined Marico's transformation from a legacy FMCG incumbent to a digital-first consumer powerhouse. The strategy rests on five strategic pillars: evidence-backed acquisitions, operational discipline with healthy unit economics, synergy acceleration through distribution integration, prudent capital allocation, and a repeatable playbook with time-tested operating models.

The company's digital portfolio spans three strategic domains: digital foods, digital personal care, and global digital brands. This comprehensive approach positions Marico to capture opportunities across India and Vietnam's rapidly evolving digital consumer landscape.

Recent Strategic Acquisitions Performance

4700BC Gourmet Snacks

4700BC operates with an annual run rate of ₹140 crore and has achieved significant market penetration with over 6 crore units sold annually. The brand maintains a 60% Net Promoter Score as the #2 player in the popcorn category.

Cosmix Plant Protein Platform

Cosmix demonstrates strong fundamentals with an annual run rate of ₹100 crore and over 2 lakh active customers. The brand maintains high teen sustainable EBITDA margins while achieving #1 bestseller status on leading e-commerce and quick commerce platforms.

Candid Vietnam Success

Candid showcases Marico's international expansion capabilities with approximately ₹100 crore revenue in CY2025 and sustainable EBITDA margins exceeding 25%. The brand operates in the mid-premium segment with strategic price positioning.

Growth Projections and Strategic Outlook

Management outlined ambitious yet disciplined growth targets for the acquired brands. Each acquisition is projected to achieve 3x to 3.5x revenue growth by FY30 through category expansion and operational synergies. The company expects digital-first personal and consumer care annual recurring revenue to grow 5x from FY24 levels, while foods revenue is targeted to reach 15x growth from FY20 baseline.

Management Commentary and Strategic Vision

Saugata Gupta emphasized the company's disciplined approach to acquisitions, focusing on brands with proven product-market fit and healthy unit economics. The management highlighted successful scale-up examples including Beardo's 5x growth post-acquisition and Plix's 6x expansion in two years, validating the company's synergy-driven acquisition model.

Group CFO Pawan Agrawal reinforced the company's commitment to profitable growth, noting that recent acquisitions are expected to achieve EBITDA positivity within 12-18 months while maintaining disciplined capital allocation principles.